History
It was founded in 1993 with a registered capital of RMB 1 million and 7 staff, positioning itself at the very beginning as the small-and-micro-enterprise(SME) financing service provider and being upgraded from credit union to commercial bank in 2006, is one of few complete private holding city commercial banks in China. Although the credit union was performing adequately in the first half decade since its birth, it was struggling in the fiercely competitive Chinese market. As a result the bank focusses its market strategy on small and mid-sized business.
By the end of December 2011, TLB had RMB 39 billion of deposit balance and RMB 26 billion of outstanding loans with NPL ratio of 0.58%, thereof SME loans took up more than 90%. When starting operations in 1993, the bank did not have many other choices than going into the niche of SME. Nowadays, the interdependence of its market and the bank is seen just as between “a fish and water”.
Read more about this topic: Zhejiang Tailong Commercial Bank
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